SUMERPUR MERCANTILE URBAN CO-OPERATIVE BANK LTD.

SUMERPUR MERCANTILE URBAN CO.-OPERATIVE BANK LTD. BRANCHES : SUMERPUR | RANI |FALNA | SHEOGANJ | JODHPUR

Lt.Shri Shyam Sunder Kalla
Founder Chairman

A BRIEF PROFILE OF THE BANK :

The Beginning : Widely known for customer centricity, Sumerpur Mercantile Urban Co-operative Bank was founded by ShriShyam Sunder Kalla, a great visionary and philanthropist, in Dec ,1999, at Sumerpur, then a small town in Pali (Rajasthan). The Bank has gone through the various phases of its growth trajectory over 16 years of its existence. Today, SMUCB Bank occupies a premier position in the committee of Co-operative banks. With an unbroken record of profits since its inception, SMUCB Bank has several firsts to its credit. These include:

Products and Services offered by Bank :

The Bank has launched its interactive website for easy accessibility of various products & services for its customers. Bank has successfully implemented Core Banking Solution (CBS) technology, through this technology the bank is offering Any Branch Banking Service to the customers. Bank customers can transact cash, transfer of fund, clearing, remittances, etc. from any branch of the bank. Bank is offering SMUCB Ltd RuPay Debit Card which can be used for cash withdrawals, mini statements, balance enquiry. The bank will be offsite at ATM’s installed at Nagar Palika Road, Sumerpur. Bank is providing NEFT, RTGS and IMPS services. Customers of our bank can get monthly statement of account through email.
Shortly, Mobile Banking services bank will provide to its Valued Customers.

Bank has implemented PradhanMantri Jan-DhanYojana (PMJDY) for achieving the national objective of Financial Inclusion & providing banking services to common man. Bank has launched PradhanMantriJeevanjyotiBimaYojana (PMJBY) &PradhanMantriSurakshaBimaYojana (PMSBY). Bank has registered itself with CPSMS (Central Planned Scheme Monitoring System) which is a project of Dept. of, Ministry of Finance; New Delhi for providing AADHAAR based Direct Cash Transfer Benefits (Subsidies) to the customers.
Bank has implemented / adopted other RBI Schemes such as RTGS, NEFT etc. Bank has taken corporate Agency of Birla Sunlife Insurance And all types of life insurance policies & general insurance policies of Birla Sunlife Insurance Co. Ltd. Are made available at Brancheses.

Growth & Strength :

As on 31st March 2016, the bank has more than six thousand members and more than 15000 Depositors. As on 31st March 2016, total business mix of the bank has reached over Rs. 100 Crore. As on 31st March 2016, Bank’s Deposits have reached uptoRs. 100 Crore while Advances have reached uptoRs. 69 Crore. The Bank has maintained a ratio of CASA Deposits to Total Deposits as high as 31.32%. The strength of the Bank is reflected in the fact that it’s Paid up Capital and Reserves have amounted to Rs 8 crore and Investments are to the tune of Rs.41.98 Crore. The Capital Adequacy Ratio maintained by our bank is as high as ……….%.

Our Mission :

To be a customer centric organization known for its differentiated customer service.
To offer a comprehensive range of products to meet all financial needs of customers .
To be a top creator of shareholder wealth through focus on profitable growth.
To be a young organization leveraging on technology & an experienced workforce.
To be the most trusted brand, admired by all stakeholders.

Bank Facility :

To meet the challenges being faced by the banking industry especially Co-Operative Banks, the bank has geared itself by reorganizing its structure by decentralizing power to speed up decision making in all spheres of customer service. For this purpose, the bank is working towards Total Automation including digitization.

Key Initiatives towards Digitization are as follows:

Fully Safe and Air cool building.
Separate Counter facility.
NEFT & RTGS Facility.
Locker Facility, ATM facility, SMS facility to customers.
ATMs
Mobile App facility,Net banking (Account View only) facility etc.